Gladstone Capital Co. to Issue Monthly Dividend of $0.17 (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.165 per share by the investment management company on Monday, June 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Friday, June 20th.

Gladstone Capital has raised its dividend payment by an average of 8.3% annually over the last three years. Gladstone Capital has a dividend payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.5%.

Gladstone Capital Trading Up 1.1 %

Shares of NASDAQ:GLAD traded up $0.28 during mid-day trading on Tuesday, hitting $24.80. The stock had a trading volume of 68,415 shares, compared to its average volume of 119,352. The company's 50 day moving average is $27.24 and its 200-day moving average is $27.01. Gladstone Capital has a 12-month low of $20.30 and a 12-month high of $30.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $553.78 million, a PE ratio of 6.06 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. On average, sell-side analysts predict that Gladstone Capital will post 2.03 EPS for the current year.

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Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.